To recap, a total of 12 bids were submitted for the first Bidadari mixed commercial and residential site. SPH-Kajima JV submitted the highest bid of $1.132 billion, 1.1% higher than the second highest bid.
SINGAPORE (June 15): CIMB is maintaining its “hold” recommendation on Singapore Press Holdings (SPH) with a target price of $3.36 after putting in the winning bid for the first Bidadari mixed development.
(See also: SPH gradually morphing into property play with Bidadari win)
